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Westport Fuel Systems (WPRT)
NASDAQ:WPRT
RESEARCH TOOLSreports
Earnings Data
Report Date
Aug 06, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
-0.15Last Year’s EPS
0.24Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 13, 2025
|% Change Since: -3.96%
|Next Earnings Date:Aug 06, 2025
Earnings Call Sentiment|Positive
The earnings call highlights significant progress in revenue growth, loss reduction, strategic partnerships, and innovation in fuel solutions. However, challenges such as a slowdown in the hydrogen industry and decreased cash reserves were noted. Despite these challenges, the strategic divestment and focus on high-potential growth areas indicate strong future potential.Company Guidance
During Westport Fuel Systems' first-quarter 2025 earnings call, the company provided a comprehensive overview of its financial and operational performance. Reported revenue for the quarter was $71 million, with Cespira contributing an additional $16.7 million, not reflected in the top line due to equity accounting, which, when adjusted for Westport's 55% ownership, would surpass $80 million. This is higher than the $77.6 million reported in Q1 2024. The net loss significantly improved to $2.5 million from $13.6 million in the previous year, and gross profit increased by $3.5 million while operating expenditures decreased by $8 million. Adjusted EBITDA showed marked improvement, and light-duty revenue increased slightly to $64.2 million from $63.3 million in Q1 2024. The company highlighted the proposed sale of its light-duty business to focus on heavy-duty and alternative fuel solutions, with an anticipated closing in Q2 2025. High pressure controls and systems revenue decreased to $1.4 million, affected by a slowdown in the hydrogen industry. The call emphasized Westport's strategic pivot towards decarbonizing long-haul transport, driven by innovations like the CNG HPDI solution, and underscored its commitment to sustainable growth and strengthening its financial outlook.Revenue Growth and Loss Reduction
Reported revenue was $71 million for Q1 2025. When adjusting for the 55% ownership share in Cespira, total revenue would have exceeded $80 million, higher than the $77.6 million reported in Q1 2024. Net loss improved significantly to $2.5 million from a net loss of $13.6 million in Q1 2024.
Improved Gross Profit and Operating Expenditures
Gross profit rose by $3.5 million while operating expenditures dropped by $8 million. Adjusted EBITDA improved year-over-year, showing improved financial performance.
Successful Partnership with Volvo
Volvo Trucks highlighted the success achieved with their gas-powered solution using Cespira's HPDI technology, with sales increased by more than 25% in 2024, and continued demand growth into Q1 2025.
Strategic Divestment of Light Duty Business
Announced the proposed sale of the light duty business to align Westport more with the hardest-to-decarbonize applications, expected to deliver immediate cash proceeds to strengthen the balance sheet and fuel growth in both Cespira and high pressure controls and systems business.
Innovative Fuel Solutions Development
Development of a CNG HPDI solution running on 700 bar storage without a compressor, expanding cleaner fuel alternatives and opening up new decarbonization pathways.
New Production Facility in China
Upcoming completion of a new hydro innovation center and manufacturing facility in China, anticipated to come online later this year, focusing on delivering to the Chinese market.
WPRT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
WPRT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 13, 2025 | $3.03 | $2.82 | -6.93% |
Mar 31, 2025 | $3.86 | $3.71 | -3.89% |
Nov 12, 2024 | $4.12 | $4.00 | -2.91% |
Aug 13, 2024 | $5.64 | $5.60 | -0.71% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Westport Fuel Systems (WPRT) report earnings?
Westport Fuel Systems (WPRT) is schdueled to report earning on Aug 06, 2025, TBA Not Confirmed.
What is Westport Fuel Systems (WPRT) earnings time?
Westport Fuel Systems (WPRT) earnings time is at Aug 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is WPRT EPS forecast?
WPRT EPS forecast for the fiscal quarter 2025 (Q2) is -0.15.